Question

Hey Guys !! ANSWER THIS QUESTION !!

Which of the following is NOT a restriction to international trade?
1.Quotas.
2.Exchange controls.
3.Subsidies.
4.GATT.

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Answer 1

Answer:

4. GATT

Explanation:

• Following World War II, 23 countries signed the General Agreement on Tariffs and Trade (GATT), which became law on January 1, 1948.
• The General Agreement on Tariffs and Trade (GATT) was established to facilitate international trade.
• The Goods Council has ten committees that deal with various topics (such as agriculture, market access, subsidies, anti-dumping measures and so on). These committees, once again, are made up of all member countries.
• A working group on state trading businesses and the Information Technology Agreement (ITA) Committee also report to the Goods Council.

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